Horace Campbell is Professor of African American Studies and Political Science at Syracuse University. His recent book is Global NATO and the Catastrophic Failure in Libya. He is author of: Rasta and Resistance From Marcus Garvey to Walter Rodney; Reclaiming Zimbabwe: The Exhaustion of the Patriarchal Model of Liberation; Pan Africanism, Pan Africanists and African Liberation in the 21st Century; and Barack Obama and 21st Century Politics. Follow on Twitter @Horace_Campbell.

Thursday, October 28, 2010

Finance, Fraud and Foreclosure

In the book, ‘Too Big to Fail’, it is reported that on 13 September 2008, Larry Fink got on the plane to Singapore. The report on the saga of the week of 7-14 September 2008 further commented on his return after Henry Paulson and the government saved the big financiers by putting trillions of dollars in the financial system. Fink is of particular interest because not only is he the chairman and CEO of BlackRock, the largest money management firm in the world, but also because his role in the present foreclosure mess has been exposed that he is one of the key figures of the shadow banking system and the shadow government is being brought to light.

We are informed in a Vanity Fair article titled ‘Larry Fink’s $12 Trillion Shadow’ that BlackRock controls over US$12 trillion in assets, and ... read more